TaxCorporate TaxTories put carbon tax plans on the table

Tories put carbon tax plans on the table

George Osborne to outline Conservative plans to increase green taxes

Shadow chancellor George
Osborne
will outline the Conservative’s specific green tax policy
at the CBI conference today.

Osborne is expected to release a document explaining how the amount of
Treasury revenue
raised from carbon emission taxes must increases to reflect the social cost of
emissions, the FT
reports.

The Conservatives believe the government currently raises £700m annually from
its climate change levy, which taxes companies for the energy they use. Osborne,
however, will argue that this is far too low, even though he has yet to put a
fix3ed figure on what the charge should be.

Osborne’s commitment to increasing carbon emission taxes is the latest
challenge to Gordon Brown’s green policy. Brown is expected to use his
pre-budget report to raise air-taxes and gas-guzzling vehicles.

Further reading:

EU braced for CO2 cap volatility

Easyjet slams tax on air travel

Ryanair rejects calls for aviation green tax

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